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REGISTERED NUMBER: 01261051 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Norton Homestyle Limited

Norton Homestyle Limited (Registered number: 01261051)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Balance Sheet 1

Notes to the Financial Statements 3


Norton Homestyle Limited (Registered number: 01261051)

Balance Sheet
30 June 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,174 153,047
Investments 5 1,250 1,250
142,424 154,297

CURRENT ASSETS
Stocks 261,549 243,101
Debtors 6 16,488 21,931
Cash in hand 114 117
278,151 265,149
CREDITORS
Amounts falling due within one year 7 276,615 204,227
NET CURRENT ASSETS 1,536 60,922
TOTAL ASSETS LESS CURRENT LIABILITIES 143,960 215,219

CREDITORS
Amounts falling due after more than one
year

8

128,539

200,182
NET ASSETS 15,421 15,037

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,321 14,937
SHAREHOLDERS' FUNDS 15,421 15,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

Norton Homestyle Limited (Registered number: 01261051)

Balance Sheet - continued
30 June 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 27 March 2018 and were signed by:





Mrs A Mennell - Director


Norton Homestyle Limited (Registered number: 01261051)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

Norton Homestyle Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 01261051

Registered office: Walsall Road
Norton Canes
Cannock
Staffordshire
WS11 9NS

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30th June 2017 are the first financial statements that comply
with section 1A "Small Entities" of FRS 102. The date of transition is 1st July 2015. There are no transition
adjustments.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised
as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover
also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - NIL % per annum
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Norton Homestyle Limited (Registered number: 01261051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2016 95,731 213,855 26,038 63,584 399,208
Additions - 5,018 - 304 5,322
Disposals - (3,305 ) - - (3,305 )
At 30 June 2017 95,731 215,568 26,038 63,888 401,225
DEPRECIATION
At 1 July 2016 - 170,556 23,661 51,944 246,161
Charge for year - 11,566 594 2,986 15,146
Eliminated on disposal - (1,256 ) - - (1,256 )
At 30 June 2017 - 180,866 24,255 54,930 260,051
NET BOOK VALUE
At 30 June 2017 95,731 34,702 1,783 8,958 141,174
At 30 June 2016 95,731 43,299 2,377 11,640 153,047

Norton Homestyle Limited (Registered number: 01261051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2016
and 30 June 2017 1,250
NET BOOK VALUE
At 30 June 2017 1,250
At 30 June 2016 1,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 10,338 20,034
Other debtors 6,150 1,897
16,488 21,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 13,930 33,822
Trade creditors 114,646 113,788
Taxation and social security 23,051 10,335
Other creditors 124,988 46,282
276,615 204,227

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 128,539 200,182

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 13,930 33,822

The bank overdraft is secured by way of a fixed and floating charge over the assets of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Mennell.